ELSS Calculator - Tax-Saving Mutual Funds
ELSS funds pair equity growth with a Section 80C deduction and the shortest lock-in (3 years) among 80C options. Project the corpus and the tax saved, then compare with PPF and FD.
- Invested
- Est. growth
ELSS projected value
₹28,00,449
ELSS (equity, 3-yr lock-in)
₹28,00,449
PPF (7.1% illus., 15-yr)
₹22,30,124
FD/RD basket (7% illus.)
₹21,50,236
ELSS value
₹28,00,449
Tax saved over period
₹4,50,000
Tax saved each year
₹45,000.00
80C deduction applies only in the old tax regime-compare regimes on the income tax calculator. ELSS has a 3-year lock-in per instalment and market risk.
Figures are mathematical illustrations only and not a promise of performance. Mutual funds, deposits, loans, and insurance are offered by respective institutions-please read scheme documents and terms before investing or borrowing.
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ELSS calculator - how to use this tool
Project ELSS SIP growth, the 80C tax it saves (old regime), and compare with PPF and FD for the same money.
An ELSS calculator projects a tax-saving mutual fund SIP and shows the Section 80C deduction it earns each year in the old regime-up to ₹46,800 saved annually at the 30% slab. ELSS pairs the shortest 80C lock-in (3 years) with equity growth potential; this page compares the same monthly outlay across ELSS, PPF and an FD basket so the trade-off is visible in rupees.
Adjust sliders to stress-test assumptions, review the visual breakdown where shown, and export or share results. For a documented plan, talk to Saarthi Capital.
Browse the full calculator hub for SIP, EMI, FD, tax, and more.
Frequently asked questions
What is an ELSS fund?
An Equity Linked Savings Scheme is a diversified equity mutual fund whose investments qualify for the Section 80C deduction. It has a 3-year lock-in per instalment-the shortest among 80C options like PPF (15 years) or tax-saver FDs (5 years).
How much tax can ELSS save me?
Up to ₹1.5 lakh invested per year qualifies under 80C in the old regime-at the 30% slab plus 4% cess that is up to ₹46,800 saved a year. Under the new regime, 80C deductions are not available, though ELSS remains an equity investment.
Is ELSS better than PPF or a tax-saver FD?
ELSS is market-linked with higher long-term growth potential and the shortest lock-in, but returns are not guaranteed. PPF offers a sovereign-backed fixed rate; tax-saver FDs are fixed but their interest is fully taxable. Many investors blend ELSS for growth with PPF for stability.
Are ELSS returns taxed when I redeem?
Yes, as equity long-term capital gains: gains above ₹1.25 lakh in a financial year are taxed at 12.5% (plus cess) under current rules. Each SIP instalment counts its own 3-year lock-in and holding period.
Can I withdraw ELSS before 3 years?
No. Every instalment-including each SIP debit-is locked in for 3 years from its own investment date. Only invest money you will not need for at least that long.
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